Press release
Outpatient Rehabilitation Services Market is Evaluated to Reach a Valuation of US$ 22.46 Billion by 2034
Outpatient Rehabilitation Services Market
Over the forecast period, it is anticipated that the aging population and growing acceptance of sedentary lifestyles will drive industry growth. Since more individuals with severe illnesses and impairments are living, there is a higher need for rehabilitation.
The market has expanded due to the increasing prevalence of chronic conditions and diseases such as cancer, diabetes, and cardiovascular disease. Intensive rehabilitation therapy is often required for some diseases to manage their symptoms and improve patients' quality of life.
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Regional Insights
The industry outlook for outpatient rehabilitation services says that North America is the dominant market because of technological innovation and the rise in the number of elderly people. Further, the number of major players offering outpatient rehabilitation services is greater in this region, primarily in the US.
There is a rise in patients seeking outpatient rehabilitation centers due to Medicare approvals and cost-containment impacts. Canada is emerging into healthcare sector markets that are forecasted to raise outpatient rehabs in the projection period.
Europe and Japan share the second largest outpatient rehabilitation services market owing to an improvement in the healthcare infrastructure and increased awareness. The Asia Pacific market has been awaiting growth in the near future due to an increase in the geriatric population and the rising patient pool.
Middle East Asia and Africa reflect slow growth owing to the unavailability of technologies. Additionally, unawareness in these areas discourages the market growth.
Segment Wise Analysis
There are three major categories of outpatient rehabilitation services: Physical therapy involves diagnosis and treatment of physical disabilities and impairments. Physical therapies also treat other neurologic conditions.
Occupational therapy involves rehabilitation to regain lost functions due to disease or injury. Physical therapy dominates others due to its biggest proportion. Increased sports activity and individuals afflicted with lower back pain are increasingly turning towards diseases within physical therapy.
Speech-Language Pathology-involves the diagnosis and treatment of the communication disorder-related disorder. Specialized outpatient rehabilitation services like oncology rehabilitation and cardiac rehabilitation services are also provided to patients.
Recent Developments
The outpatient rehabilitation market is dominated by a few players due to advanced therapies and superior services. The large-scale players in the market have most of the outpatient rehabilitation services market share.
The major players in the market are going for strategic partnerships and collaborations to enhance geographical growth. The security of the treatment facility is an important factor in getting patients to choose outpatient rehab during the forecast period. The level of services can provide a competitive advantage to the market players in future years.
In October 2021, the Grandview Medical Center aligned with some medical corporations to establish a venture known as Champions Sports Medicine in Birmingham, which is functioning as an outpatient rehabilitation center.
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Segmentation of the Outpatient Rehabilitation Services Market Research
By Type :
Physical Therapy
Occupational Therapy
Speech Language Pathology
By Service :
Outpatient Rehabilitation Centers
Specialty Clinics
Community Health Centers
Hospitals
By Region :
North America
Western Europe
Eastern Europe
Latin America
East Asia
South Asia & Pacific
Middle East & Africa
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